Implement and promote flexible and phased retirement options
Ultimately, aging workers must leave the workforce at some point. But to ensure their departures comes at the greatest benefit for both individuals and employers, robust phased retirement options are a necessity.
Done well, phased retirement can ensure longer retention of “regretted leavers”, capture unique and hard-to-replace knowledge, and facilitate succession processes, among other benefits. To be successful, phased retirement requires a design process to shape the offering.